Tag: Exchange

Most crypto exchange tokens lag behind Bitcoin, data shows

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According to a study done by TokenInsight, most exchange tokens underperformed compared to Bitcoin performance. Despite the growing popularity of crypto exchange tokens like Binance Coin (BNB) and Bitget Token (BGB), particularly amid the rise of decentralized finance and non-fungible tokens, Bitcoin (BTC) has proven to be a superior investment choice, analysts at TokenInsight revealed in a recent research report. Yet, not all tokens demonstrate the same level of profitability, with some facing side effects due to regulatory pressure. “Affected by regulations, BNB experienced a significant decline in the second…

UK Regulators Greenlight Crypto-Based Exchange Traded Notes (ETNs) As Bitcoin Hits New All-Time High

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Financial regulators in the United Kingdom are allowing applications for crypto-based exchange-traded notes (ETNs), according to a new announcement. In a Monday press release, Britain’s Financial Conduct Authority (FCA) said that it has approved the sale of crypto and Bitcoin (BTC) ETNs for professional investors. ETNs in the UK are defined as bonds issued by financial institutions that track the performance of underlying assets. According to the FCA, any potential crypto retail ETNs will not be available for retail investors as it would be unsafe and “ill-suited” for them. Says…

London Stock Exchange to open applications for Bitcoin, Ethereum ETN admission

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The main stock exchange in the United Kingdom is set to start accepting applications for crypto-tied exchange-traded notes. The London Stock Exchange (LSE) revealed in a press release on on Mar. 11 that it will start accepting applications for the admission of Bitcoin (BTC) and Ethereum (ETH) crypto exchange-traded notes (ETNs) in Q2, 2024. Although the exact launch date remains unclear as the LSE plans to disclose it “in due course,” the exchange noted that it plans to accept applications in accordance with the details contained in the crypto ETN…

Binance Launchpool Announces Upcoming Support for New Decentralized Derivatives Exchange Altcoin

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Binance is planning on rolling out support for a new decentralized derivatives exchange altcoin via its Launchpool platform. The top global crypto exchange platform by volume says its 48th Launchpool project will be Aevo (AEVO), an Ethereum (ETH)-based digital asset exchange that supports options, perpetual futures, and other products within a single margin account. Launchpool allows users to stake coins to farm new assets. Starting on Friday, Binance users will have five days to stake BNB, Binance’s native token, and the stablecoin First Digital USD (FDUSD) in separate pools to farm…

BAVARSIS EXCHANGE Conquers New Heights

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In the dynamic landscape of investment, Bavarsis emerges as a beacon of innovation and opportunity, offering a realm of innovation and potential that transcends mere user-friendliness. Leveraging the capabilities of Artificial Intelligence (AI) and trading bots, Bavarsis facilitates rapid arbitrage trading, presenting a versatile framework, diverse cryptocurrency options, transparency, and a steadfast dedication to enduring viability. Delving into the core of Bavarsis unveils the myriad reasons why it stands as a premier option for contemporary investors. Bavarsis, a leading player in the cryptocurrency market, proudly announces remarkable achievements in its…

Crypto Exchange COIN Upgraded to Neutral as Goldman Sachs Ends Bearish Stance

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The exchange has seen fundamental benefits from “increasing price on the simple trading platform, while maintaining market share, a renewed commitment to greater expense control and profitability in all market environments and tailwinds from higher interest rates as a result of COIN’s 50% revenue share of the interest income earned on USDC reserve balances,” the report added. Source

Bankrupt Cryptopia Exchange to Return BTC, DOGE to Qualifying Creditors

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

European Crypto Exchange Bitstamp Receives In-Principle Approval in Singapore

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Deribit Exchange Expects Bitcoin To Rise 20% In The Next 30 Days, Targeting $80,000

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In a significant milestone for the cryptocurrency market, Bitcoin (BTC), the largest digital asset, shattered its previous records, surging past the $69,000 mark to establish a new all-time high (ATH) of $69,300 on Tuesday.  The achievement marked a historic moment for BTC, which hadn’t reached such levels in over two years. However, the crypto’s upward trajectory shows no signs of slowing down, with experts predicting further price gains. Bitcoin Price And ETFs In Perfect Harmony According to data from Deribit, an options and futures crypto exchange and analytics firm GenesisVol,…

Dogwifhat (WIF) Surges After Crypto Exchange Binance Said It Will List the Meme Coin

WIF had been trading at $1.52 before the announcement, and the price quickly jumped by more than 25%. It was trading recently at $1.80, a 5.61% gain over the past 24 hours. FLOKI, in contrast, dropped by 5.1% and WEN, MAGA, BITCOIN and CUMMIES all fell by more than 10%. The CoinDesk 20 Index (CD20), a measure of the broader crypto market, is up by 5.08% in the same period following bitcoin’s (BTC) surge to $68,500 on Monday. Source